To: michael john stout who wrote (45 ) 1/13/2000 10:00:00 AM From: Francois Goelo Respond to of 62
Shopss.com Announces Gold Card Membership Tops 12,000 at Year End PLAINVIEW, N.Y.--(BUSINESS WIRE)--Jan. 13, 2000--Shopss.com Inc. (OTCBB:ACII), the pioneering virtual shopping mall, today announced that membership in the company's Gold Card program from inception on Nov. 18, 1999, through Dec. 31, 1999, has reached more than 12,000 paid members. Shopss.com is currently signing up new Gold Card members at a rate exceeding 350 per day. Jerry Conca, president of Shopss.com, commented: "The positive response to our Gold Card membership program has resulted in a significant increase in revenue attributable to both membership fees and the sale of products offered on the Shopss.com virtual mall. All of this translates to increased shareholder value." The Gold Card membership with a total cost of $299 per year, paid in advance, provides an array of benefits, including a free 500Mhz Pentium III computer. As part of the contract, Gold Card members must agree to receive one e-mail per day from Shopss.com. The Gold Card membership also includes the Shopss.com Phonetastic service, which provides unlimited calling throughout the United States, Canada and Puerto Rico (Israeli consumers have use of this service in the United States only), participation in online auctions as a buyer and seller, 3 to 5 percent discount of all winning bids and special discounts on imported products. Regular Shopss.com membership requires a two-year contract and a commitment to spend a minimum of $30 per month on the Shopss.com Web site or at the Shopss.com stores in Tel Aviv and Herzlia Petuach, Israel. Members who do not meet the $30 minimum requirement will be charged a $19.95 monthly service charge. Beyond the array of products available on www.shopss.com, members can also shop at other selected Internet stores, including Amazon.com, jcrew.com and 1-800-FLOWERS.COM. For more information: www.shopss.com. Forward-looking statements in this release are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. --30--jap/la* jc/la CONTACT: Worldwide Corporate Finance Sy Mitzner, 818/783-0054 or shopss.com